2007-08-23 11:50:02 · 1 answers · asked by Anonymous in Business & Finance ➔ Insurance
The effective date is the date that your insurance becomes active and starts covering you.
Usually when you policy is at renewal time and you switch companies, your issue date(or the date you buy the policy) and the effective date are different. This is because you can't have duplicate insurance coverage and you will receive a discount for having a previous policy for a full term without a lapse in coverage(or period without insurance.)
But again, the effective date is just the date your policy begins.
2007-08-23 20:22:54 · answer #1 · answered by Jonathon A 4 · 0⤊ 0⤋
That is the date your insurance went or goes into effect
2007-08-23 11:57:36 · answer #2 · answered by xhawkx 3 · 2⤊ 0⤋
The starting date of your insurance. Whatever before that date is not included.
2007-08-23 12:08:04 · answer #3 · answered by pgsl 5 · 3⤊ 0⤋
Your effective date is the date coverage actually starts. Any claims filed prior to that date will not be paid.
2007-08-23 12:15:03 · answer #4 · answered by ? 7 · 2⤊ 0⤋
It is the date your coverage on that policy begins. If you have a loss or expense that was incurred before 12:01 a.m. on that date, that policy won't cover it.
2007-08-23 16:21:45 · answer #5 · answered by Yo' Mama 4 · 1⤊ 0⤋
It's the date your coverage starts.
2007-08-23 12:13:24 · answer #6 · answered by Judy 7 · 2⤊ 0⤋
It means any damage before that date is not covered
2007-08-23 11:57:27 · answer #7 · answered by kmicheli24 2 · 0⤊ 1⤋
It is when your policy goes into effect, or when coverage begins
2007-08-23 12:02:48 · answer #8 · answered by newtampabusiness 1 · 2⤊ 0⤋